ABSTRACT

As long as financial markets exist risk component is also going to exist in the system. What is important for firms and investors acting in financial markets is foreseeing the probable risks and to act in new positions in parallel with these foresights, besides minimizing the risks. In this paper, recently –relating to risk management- most preferred VaR value analysis methods have been examined, and VaRs have been measured in hypotetical portfolios developed by variance – covariance method.

Since it has become into effect, pension mutual funds in private pension system developing and emerging in Turkey are one of the factors that transmit long term investments to capital markets.

In economical researchs, it is found that revenue backed public borrowing tools correspond to low-risk funds of pension mutual funds. The results achieved from the calculations made in this paper are in parallel with those economic interpretations.